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Dow Reclaims 25K After Week of Gains

Index rises 94
By Newser Editors and Wire Services
Posted Jul 13, 2018 3:24 PM CDT
Trader Steven Kaplan works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing out their second straight week of gains, despite some wobbly trading during the day, as industrial and energy companies climbed. The Dow Jones Industrial Average climbed 94 points, or 0.4%, to 25,019, per the AP. The Nasdaq composite edged up 2 points to 7,825, and the S&P 500 index rose 3 points to 2,801. Banks slumped after quarterly earnings from JPMorgan Chase and Citigroup failed to impress investors, and Wells Fargo dropped after fallout from its fake account scandal continued to weigh on its earnings.

(Read more stock market stories.)

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